明冠新材(688560) - 2021 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2021 was CNY 344,635,293.47, representing a year-on-year increase of 27.85%[5] - The net profit attributable to shareholders for the same period was CNY 32,222,239.67, with a year-on-year growth of 6.46%[5] - The total revenue for the year-to-date period was CNY 961,689,047.84, showing a substantial increase of 57.35% year-on-year[5] - The net profit attributable to shareholders for the year-to-date period was CNY 87,506,759.59, with a year-on-year increase of 10.32%[5] - Net profit for the first three quarters of 2021 reached ¥87,506,759.59, compared to ¥79,317,925.99 in the same period of 2020, reflecting a growth of approximately 10.0%[23] - Operating revenue for the first three quarters of 2021 was ¥961,689,047.84, a significant increase from ¥611,163,266.03 in 2020, marking a growth of about 57.2%[22] Research and Development - Research and development expenses totaled CNY 13,905,443.63 in Q3 2021, accounting for 4.03% of operating revenue, an increase of 0.63 percentage points year-on-year[6] - The company experienced a 51.89% increase in R&D investment for the year-to-date period, primarily due to new project developments in aluminum-plastic films and gel films[10] - Research and development expenses increased to ¥37,554,422.81 from ¥22,193,631.39, showing a rise of approximately 68.9%[23] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,889,192,584.80, reflecting an increase of 8.64% compared to the end of the previous year[6] - As of September 30, 2021, the company's total current assets amounted to ¥1,527,606,963.31, an increase from ¥1,450,304,899.26 in the previous year[17] - The company's non-current assets totaled ¥361,585,621.49, up from ¥288,718,476.80, representing a growth of about 25.2%[17] - Total liabilities rose to ¥508,397,824.78, up from ¥413,272,167.22, indicating an increase of about 23.1%[18] - The total liabilities of the company were not explicitly stated in the provided documents, but the increase in assets suggests potential growth in liabilities as well[15] Cash Flow - The net cash flow from operating activities was negative at CNY -283,254,084.75, indicating a significant cash outflow[6] - The net cash flow from operating activities was -283,254,084.75, a significant decrease compared to 32,188,406.89 in the previous period[27] - Total cash inflow from investment activities was 305,634,387.72, while cash outflow was 391,257,153.56, resulting in a net cash flow of -85,622,765.84[27] - Cash inflow from financing activities totaled 1,000,000.00, with cash outflow amounting to 62,027,806.87, leading to a net cash flow of -61,027,806.87[28] - The company reported a total cash outflow from operating activities of 876,625,824.99, compared to 549,671,564.08 in the previous period[27] Shareholder Structure and Management - The company has a notable shareholder structure, with the largest shareholder holding 31.08% of the shares, indicating a concentrated ownership[14] - The company is actively involved in strategic asset management plans, which include participation from senior management and core employees[14] Audit and Compliance - There are no significant audit opinions or concerns noted for the financial statements for the reporting period[15] Other Financial Metrics - The company reported a basic earnings per share of CNY 0.20, a decrease of 16.67% compared to the same period last year[6] - The company's cash and cash equivalents were reported at ¥218,350,926.94, significantly down from ¥649,934,931.83 a year earlier, indicating a decrease of approximately 66.5%[16] - Accounts receivable increased to ¥437,529,638.92 from ¥408,711,463.55, reflecting a growth of about 7.4% year-over-year[17] - The inventory level rose to ¥253,447,724.16, compared to ¥108,733,234.26 in the previous year, marking an increase of approximately 133.3%[17] - The company reported a significant increase in financing receivables, which rose to ¥389,163,798.45 from ¥102,239,270.80, a growth of approximately 280.5%[17] - Basic earnings per share decreased to ¥0.53 from ¥0.64, reflecting a decline of approximately 17.2%[24] - Cash received from sales of goods and services was ¥572,817,333.37, up from ¥453,038,220.54, indicating an increase of about 26.5%[26] - Deferred income decreased to ¥16,606,681.09 from ¥23,285,448.70, a decline of approximately 28.7%[18] - Other comprehensive income after tax increased to ¥354,338.79 from a loss of ¥94,661.75, showing a significant turnaround[24] - The ending balance of cash and cash equivalents was 218,011,312.85, down from 648,210,606.59 at the beginning of the period[28] - The company received tax refunds totaling 3,001,362.73, compared to 3,076,220.35 in the previous period[27] - Cash received from other operating activities was 17,553,044.14, a decrease from 125,745,530.08 in the previous period[27] - Payments to employees increased to 51,440,805.23 from 33,412,052.48 in the previous period[27] - The impact of exchange rate changes on cash and cash equivalents was -294,636.28, compared to -2,240,202.00 in the previous period[28] - The company did not report any cash inflow from the issuance of new investments during this period[28]